The regulator says Cambridge Capital Group Advisors defrauded 20 investors, most of whom were retired NFL players who claimed brain injuries from concussions suffered while playing professional football.

Wells Fargo will pay $450,000 after 1,098 agents and 561 supervisors did not register in Massachusetts.

A Mercatus working paper supports the need for title reform, but it argues that regulators should take a different tack to prevent professionals from making up new titles.

A cottage industry to help advisors comply with the rule is already cropping up, the latest coming from La Meer.

Now that legal scholars have picked over the SEC’s Reg BI rule, they say changes from earlier drafts significantly weaken standards governing investment advisors and lower protections for RIA clients.

IFS said it fired the banker, which it only identified as "one of IFS Securities' most trusted senior employees."

Independent b/ds are on the hook for their reps’ behavior, even those thousands of miles away. A new compliance consultancy wants to help firms close that gap.  

Richard G. Duncan knew the investment was likely a scam, yet he failed to let his clients know, the SEC claims.

Shapiro used money from new investors to repay earlier ones and stole as much as $95 million.

The new rules hold brokers of annuities to a best interest standard and could be a model for other states to follow.